Rupee - US Dollar Forex updaye and Rupee / Gold quotes

Rupee showed weakness against all major currencies in the local currency market and remained in negative territory throughout the week.

In the open market dealings, the local unit demonstrated a negative trend versus the US dollar amid high demand for the greenback. The latter’s strong showing in the international market also had its impact on the rupee.
HOLIDAY BOXER SHORTS - CHRISTMAS, VALENTINES DAY, FATHERS DAY, St. Patricks day
The US dollar set off new week’s trading at Rs60.67, and was changing hands at Rs.60.72 at close of markets on the weekend. Thus the local currency lost 5 paisa versus dollar in the open market in the week.

The national currency remained unchanged versus the US dollar in the open market on Monday. The greenback commenced trading at Rs.60.67, and ended the day without any change in the value. Thus, rupee closed the day on a positive note.

The local unit gave up ground on Tuesday as the US dollar, starting off at Rs.60.67, closed the day at Rs.60.68, gaining one paisa.

Rupee shed more value on Wednesday as the greenback, opening at Rs60.68, kept scoring gains and was changing hands at Rs.60.72 at the close of markets. The rupee ended the day weaker by 4 paisa.

Thursday’s trading saw the greenback open its account at Rs60.68 and close the day at Rs60.70, meaning a two-paisa appreciation against the local currency.

The rupee slide against the US dollar continued on Friday as the latter, kicking off trading at Rs.60.70, continued to gain and was changing hands at Rs60.72 when markets closed for the day. The local unit ended another day on a negative note.

According to forex analysts, local currency in inter-bank dealings also remained in the negative territory due to high demand factor. Thus the local currency lost 3 paisa against US dollar. Rupee started trading at 60.68 on Monday, the first working day of the week and closed at 60.71 on Saturday.

On Monday, the US dollar kicked off new dayís trading at Rs.60.67, recovered mild gains and was changing hands at Rs.60.68 at close. Thus rupee shed 1 paisa against dollar in the interbank dealings.

On Tuesday rupee continued to lose value. The US dollar started its day at Rs.60.68, and closed it with a one-paisa gain at Rs60.69.

Sentiments remained depressed for the rupee even on Wednesday as American dollar, setting off trading at Rs.60.69, rounded off the day with a gain of 2 paisa in the inter-bank dealings.

On Thursday rupee’s showing was no different. The US dollar commenced the dayís trading at Rs.60.71, and closed at Rs.60.72, registering a one-paisa gain.

Finally on Friday rupee recovered ground. The greenback, starting the new day’s trading at Rs.60.72, shed value and was changing hands at Rs.60.70 at the close. Thus, rupee gained 2 paisa.

On Saturday, however, rupee could not sustain its position and shed value. The US dollar, starting trading at Rs.60.70, staged a minor recovery and was changing hands at Rs.60.71 at the end of the day, posting a one-paisa gain.

Rupee shed 10 paisa against the Euro in the kerb.

Euro continued to gain value versus the local currency. Euro started trading at Rs.79.35, posted gains and changed hands at Rs.79.45 at the close of markets on Saturday.

The British Pound scored significant gains versus rupee. The cable opened new weekís trading at Rs116.65, continued to pocket gains and ended the day at Rs.117.05. Thus, rupee shed 40 paisa versus pound sterling.

Rupee ended week on a positive note versus Japanese Yen.

The Japanese currency saw depreciation in its price against rupee, kicking off the new week at 0.52 and ending the week at 0.511.